Hulk Hogan Knocked Out, Ex-Wife Gets 70 Percent in Divorce Settlement

It is a knock out loss for former pro-wrestler champion Hulk Hogan.

Hogan and ex-wife Linda Bollea have just reached a divorce settlement and the blonde will be walking away with 70 percent of the couples' liquid assets, reports RadarOnline.com.

Linda received 70 percent of the couple's liquid assets, which totals to $7.44 million of the $10.41 million held in bank and investment accounts.

Hulk got the remaining $2.97 million.

Linda also obtained 40 percent ownership and an additional $3 million property settlement.

The two are still disputing over $126,000 that Hulk supposedly owes Linda as payment against revenues garnered by his company last year.

Linda also got to pocket the keys to a Mercedes-Benz, a Cadillac Escalade, a Corvette, a Rolls-Royce and various off-road vehicles.

The couple decided to sell their homes, which included the $13.9 million estate in Belleair, Florida where they filmed their reality show for VH1, Hogan Knows Best.

However, RadarOnline.com recently reported that the house has been marked down to $8.8 million. When they first listed the house in 2007, Hulk and Linda were asking for $28 million.

The Huffington Post reported that the settlement details were supposed to be confidential but surfaced after the filing was attached to a new motion put into court records.

Hogan will not pay Linda any alimony.

The two married in 1983 and have two children together - Brooke and Nick. Linda filed for divorce in 2007 after reports of Hogan having an affair leaked. Linda then began dating a 19-year-old who was a former classmate of daughter Brooke's.